Producer Service Fee Sample Clauses

Producer Service Fee. The Contractholder has selected and entered into an agreement with Xxxxxx Insurance (“Producer”), under which the Producer has agreed to provide consulting services to the Contractholder in connection with the Contractholder’s Plan(s) (the “Service Agreement”), in return for payment from the Contractholder of compensation negotiated directly between the Contractholder and the Producer (the “Fee”). Blue Shield is not a party to the Service Agreement. The Contractholder requests that Blue Shield receive from the Contractholder and pay to the Producer certain amounts comprising payment for the Producer’s services under the Service Agreement (the “Pass-Through Arrangement” or “Arrangement”). 1. Blue Shield Duties and Responsibilities: a. Blue Shield agrees to accept from the Contractholder payment of the monthly Fee amount with the Contractholder’s payment of Blue Shield’s monthly Premium invoice to the Contractholder. b. Blue Shield will forward the Fee to the Producer within 30 days of receipt of the Fee from the Contractholder. c. Blue Shield will provide to the Contractholder a summary of the aggregate Fee paid by Blue Shield on behalf of the Contractholder to the Producer for each Calendar Year within 15 business days following the end of such Calendar Year. d. Blue Shield is not responsible for determining or confirming the correctness of any information provided by the Contractholder, including the amount of the Fee or the name or other payment information of the Producer to whom the Fee is to be paid; rather, Blue Shield is responsible only for the ministerial functions of receiving payment of the Fee and forwarding such payment to the Producer. 2. The Contractholder Duties and Responsibilities: a. The Contractholder acknowledges and agrees that the Fee is not a part of the Premium charged to the Contractholder by Blue Shield, that using the Producer or any other agent or broker is not a requirement for the Contractholder to obtain coverage from Blue Shield and the Contractholder may obtain insurance policies directly from Blue Shield, and that the Contractholder, and not Blue Shield owes and is fully responsible to the Producer for the Fee. b. The Contractholder agrees to pay the Fee at the same time payment is made for the Premium for Blue Shield coverages. c. The Contractholder will notify Blue Shield immediately if the Service Agreement between the Contractholder and the Producer is terminated. d. The Contractholder will be responsible for any and ...
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Producer Service Fee. The Contractholder has selected and entered into an agreement with Xxxxx Xxxxx (“Producer”), under which the Producer has agreed to provide consulting services to the Contractholder in connection with the Contractholder’s Plan(s) (the “Service Agreement”), in return for payment from the Contractholder of compensation negotiated directly between the Contractholder and the Producer (the “Fee”). Blue Shield is not a party to the Service Agreement.
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Related to Producer Service Fee

  • Service Fee In consideration of the administrative support services provided by a Recipient, the Distributor shall make service fee payments to that Recipient quarterly or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days of the end of each calendar quarter or other period, at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than the minimum period (the “Minimum Holding Period”), if any, that may be set from time to time by a majority of the Independent Trustees. Alternatively, the Distributor may, at its sole option, make the following service fee payments to any Recipient, within forty-five (45) days of the end of each calendar quarter or at such other interval as deemed appropriate by the Distributor: (i) “Advance Service Fee Payments” at a rate not to exceed 0.25% of the average during the calendar quarter or other period of the aggregate net asset value of Shares, computed as of the close of business on the day such Shares are sold, constituting Qualified Holdings, sold by the Recipient during that period and owned beneficially or of record by the Recipient or by its Customers, plus (ii) service fee payments at a rate not to exceed 0.25% on an annual basis of the average during the period of the aggregate net asset value of Shares, computed as of the close of each business day, constituting Qualified Holdings owned beneficially or of record by the Recipient or by its Customers for a period of more than one (1) year. In the event Shares are redeemed less than one year after the date such Shares were sold, the Recipient is obligated to and will repay the Distributor on demand a pro rata portion of such Advance Service Fee Payments, based on the ratio of the time such Shares were held to one (1) year. The administrative support services to be rendered by Recipients in connection with the Accounts may include, but shall not be limited to, the following: answering routine inquiries concerning the Fund, assisting in the establishment and maintenance of accounts or sub-accounts in the Fund and processing Share redemption transactions, making the Fund’s investment plans and dividend payment options available, and providing such other information and services in connection with the rendering of personal services and/or the maintenance of Accounts, as the Distributor or the Fund may reasonably request.

  • Service Fees Pricing and procedure details provided in the original signed agreement.

  • Professional Services Fees You agree to pay us the professional services fees in the amounts set forth in the Investment Summary. Those amounts are payable in accordance with our Invoicing and Payment Policy. You acknowledge that the fees stated in the Investment Summary are good-faith estimates of the amount of time and materials required for your implementation. We will bill you the actual fees incurred based on the in-scope services provided to you. Any discrepancies in the total values set forth in the Investment Summary will be resolved by multiplying the applicable hourly rate by the quoted hours.

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